Children’s retailer Carter’s, parent of OshKosh B’gosh, is shuttering 150 underperforming stores and laying off 300 employees as a result of tariffs impacting its bottom line. 
U.S. retail demand is up, but so are the costs of tariffs — to the tune of nearly $250M, CEO and President Douglas Palladini told CoStar.
Carter’s net income amounted to $11.6M in the third quarter, a stark drop from $58.3M at the same time last year.
The retailer expects $200M to $250M in additional costs due to tariffs imposed by the Trump administration. During fiscal year 2024, imports cost it $110M, Carter’s executives said on an earnings call.
Carter’s is…